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Indeed sprint, and we’ve hardly built up a sweat yet!
Overall would think that 38% from where s/p is now is a good start, but many are think at least double as a minimum for an end.
Wait & see, as usual
Well we're 56% up ytd and 25% in the last month sausage so we're not far off
Selan share price up 38% in the last month. Let's hope some of that rubs off on SYN next week.
They could quite easily of been buys
Amazed to see people selling with the SP up 13% this week and feeling like news on GOI approval could break anytime soon..I get it if you need the cash but selling and hoping to buy back on a dip feels like the wrong play with SYN at the moment.
Looks like something logged , let’s hope so
If at all possible though would be very good moment to have GOI Rns.
Exciting times, solid increase this week.
Nice looking positive finish.
Let's hope it can continue on Mon.
People jumping in before close
There are clearly some buyers who believe that GOI JV approval is going to happen shortly....
Blue day and blue week
Flurry of buys, some one loading up in 5 million blocks
👀👀
Https://www.nseindia.com/get-quotes/equity?symbol=SELAN
The Exchange has sought clarification from Selan Exploration Technology Ltd on April 19, 2024 with reference to significant movement in price, in order to ensure that investors have latest relevant information about the company and to inform the market so that the interest of the investors is safeguarded.
Dear Sir/Madam,
Sub: Reply to your email dated April 19, 2024 regarding Clarification on Price Movement
This is in reference to your email dated April 19,2024 (Ref. No. L/SURV/ONL/PV/KS/ 2024-
2025 / 4172) regarding significant movement in the price of securities of Selan Exploration
Technology Limited (hereinafter referred to as the “Company”) in recent past.
With reference to the same, we would want to clarify that the Company is regular in intimating
Stock Exchanges with regard to any material information which is required to be submitted under
Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and
will continue to comply with the said Regulations.
Currently there is no such material events requiring disclosure under the said Regulations.
We believe that the movement in price of shares is purely market driven
I wonder why thats happening :)
GLA
JPP
I understand how supply and demand works, but thank you for your patronising explanation.
Back at you, I generally like the "agree to disagree" idea.. but you need to do more research into how shares work.
Sausage. The loan of £400K is irrelevant to current cash in hand as it was purely to pay off the loan notes that weren't converted to shares. It was very surprising to me that they weren't converted as the exercise price was only 0.08p.
Cash in hand at end of the year was A$ 1.789 million, about £930k. I'd be very surprised if the monthly cash burn was as low as 100k per month.
Nevertheless there is hopefully enough for a few months yet.
Sorry you're mistaken. The reason the lowest amount got the highest price is because it was latest trade. Generally that's how shares work. As more people buy, the MMs run out of stock, and the Ask/Bid are moved up in an effort to tempt sellers and put off buyers.
I generally like the "agree to disagree" idea.. but you need to do more research into how shares work.
We can agree to disagree, but the following trades show my point
23-Apr-24 16:23:01 0.1149 1,500,000 Buy* 0.11 0.115 1,724 O
23-Apr-24 16:21:02 0.114 2,801,798 Buy* 0.105 0.115 3,194 O
23-Apr-24 16:20:02 0.1139 4,700,000 Buy* 0.105 0.115 5,353 O
Within 3 minutes of each other, the largest buy got the best price, the smallest buy the worst price.
Happy to disagree, each to their own.
Larger volume trades get a discount? Sorry, what? Factually exactly the opposite. The larger the buy, the higher the price, hence the phrase "premium paid"
The reason the small trades are higher than normal is because they'll have been made using the free-to-trade apps, where there's no fee, but you get a ridiculous price.
Larger volume trades get a discount, so I wouldn't take a £1.17 buy at full ask as an indicator that full ask is being smashed.
When you get 5,000,000 share buys going through at full ask then start to get excited
On the 11th March 2024, just over a month ago Roland told us
"In order to minimise equity dilution for shareholders, the Company has obtained loan funding from existing investors of GBP400,000 on commercial terms and on an unsecured basis"
For easy maths, even spending a £100,000 a month that would last through until July. With all the work done to get us to the signing of the JV, I'm sure Roland has told Selan that SYN just need to be careful with the ££ until the GoI approval. Roland doesn't strike me as the man to throw cash around. He'll be doing what needs to be done to preserve the cash to make the £400k last as long as possible
3 very small trades & all on @ 0.1250
Second that statement 👍 Ssccss,
Steven that bull not natural but fighting while chained to goi, when set free it will drive Matador/Torero out of arena